GREY:MLGAF - Post by User
Post by
masspoweron Feb 29, 2012 1:46pm
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Post# 19605895
Mine production, Resource increase, Hydro power!
Mine production, Resource increase, Hydro power! Does anybody know if they are working on increasing the mine production to 500 tpd anytime soon?
They say mine production at Pasto Bueno is approximately 350 tpd with a plant capacity of 500 tpd. Also during the second half of 2011 and the early part of 2012, Malaga undertook a first exploratory drilling campaign in the southern part of the property (the mantos), but the results of that campaign are not included in the reserve and resource calculation in the recent 43-101. Malaga is REAL growing company and with tungsten being on a price increase alert ....top it off up to a 38 megawatts hydroelectric power station being built which will give them power running the whole mine plus a surplus of around 34 megawatts sold in to the power grid. MLG is a no brainier imho!
Long and Strong!
masspower